it's now 35% of all the revenue from the government is coming from payroll tax. it's a regressive tax. there's a cap of $112,000. >> keep in mind, this is fiction that the payroll tax pace for social security. you're running large-debt deficits and there's knotting in these securities, there's no tax that pays for any particular program. the politics of the payroll tax is it helps to sustain the fiction that social security is like an insurance program or retirement program rather than what it is which is regular old welfare program but a welfare program for the middle class. >> fdr's idea was if you see if money coming from your paycheck you'll invest it -- >> with that tax in there nobody can mess with my damn social security program. >> right. >> but it could be fiction. >> the only fiction here is that it won't impact people if we don't pay enough attention to making sure we have the insurance system for people to retire. it was a pillar of creating the middle class, coming out of the great depression. when one of the policies that helped to produce the ameri